Bitcoin is one of the most famous cryptocurrencies for online trading. It has made many people Bitcoin Billionaire and that is the reason why Bitcoin trading can be called the fever of this generation. But do you know where to store bitcoins? I am sure you must have heard about Bitcoin wallets. They are used for storing the bitcoins and you will be glad to know that now apart from desktop wallets, there are also Mobile wallets available that are portable and can be easily used for paying for services anywhere, just like you use your debit/credit cards.
Let me tell you that Bitcoin can be stored both online and offline, both have their own set of advantages. The online wallet is best for new users who have just started trading Bitcoin, whereas the offline is best if security is the biggest concern for you.
So, let me list down some of the benefits of having a Mobile-based Bitcoin wallet:
- Easy access
With a mobile wallet, you can easily check the status of your Bitcoin wallet. It is easily accessible as you always carry the mobile phone with you. Having that said, for the people who are Bitcoin enthusiasts and are eager to keep a tab on what is happening in the market and the latest market trends, then the Mobile wallet is best for you. All you have to do is to enter the wallet password or Google Authenticator key, with this you gain access to the Bitcoin wallet and you are good to go.
Another great benefit of a Mobile-based Bitcoin wallet is that you can easily make transactions. It will be faster and easier. You can just use it like you make online transactions for fiat currency. You can use a Mobile-based Bitcoin wallet for making payment for buying coffee, shopping and even paying utility bills. In this situation, a mobile-based Bitcoin wallet is much better than Cold storage offline wallets as it is a long procedure in which you require to insert hardware into your computer to use your Bitcoin and so you can’t carry offline desktop wallet all around with you, which makes it a bit tough to use.
- Greater security
Though many think otherwise, a mobile Bitcoin wallet is much safer to use than a computer or laptop wallet. Our Smartphone have an inbuilt native environment called the Trusted Execution Environment (TEE).
TEE has a separate space and works in its separate environment with a memory of its own. So, it doesn’t matter even if the Smartphone gets hacked, the hacker will not be able to cross through the operating system of your Smartphone and get your private keys. So, it is so much more secure than a desktop wallet.
- Funds your Bitcoin debit card
Ok, this will be really big news for people still living under the rock. You can use the mobile-based Bitcoin wallet for recharging your Bitcoin debit and credit cards. Once you have recharged the card, you can easily use it as a common debit/credit cards for shopping and paying for services.
- Advanced technology indeed!
Bitcoin mobile wallet is an advanced technology indeed and using this technology resembles actually how tech-savvy you are.
So, what are you waiting for? Start investing in Bitcoin and become Bitcoin Billionaire today.
At last, I would like to say that there are so many Bitcoin wallets available out there. Online, offline and paper wallet among others. You can go ahead and choose the one that suits your convenience. So go ahead, research and get the best Bitcoin wallet.
Image by mohamed Hassan from Pixabay